Posts Tagged: nonprofit

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Nonprofits & Sarbanes-Oxley Compliance

If you’ll think back to the early 2000s, in the aftermath of the Enron scandal (among others such as Tyco, Global Crossing, and WorldCom) the climate of distrust and dramatic malfeasance demanded reform of corporate accounting, governance, and other business practices. Accordingly, U.S. Congress passed the Sarbanes-Oxley Act, a law name that’s easier to remember… Read more »

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Collective Responsibilities of Nonprofit Boards

If you’ve been glued to the 2018 Winter Olympics like me, you know that each of the team sports like ice hockey, bobsleigh, and curling depend on each of the team’s members to perform their position to medal. While not as exhilarating to watch, nonprofit boards are similar to team sports; the board of directors… Read more »

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Not Every Charitable Donation is Tax Deductible

It’s the end of January and that means Tax Day is creeping closer. You tend to hear a lot about what sort activities are tax deductible. You may deduct charitable contributions of money or property made to qualified organizations if you itemize your deductions. And, you’ll certainly want to be aware for substantiation purposes what contributions are indeed deductible. But, in… Read more »